Global Powers of Luxury Goods 2017 The new luxury consumer

Global Powers of Luxury Goods 2017 The new luxury consumer

Contents

Foreword

1

Top 100 quick statistics

3

The new luxury consumer

4

Global economic outlook

10

Top 100 highlights

14

Global Powers of Luxury Goods Top 100

15

Top 10 highlights

21

Fastest 20

24

Product sector analysis

26

Geographic analysis

33

Newcomers

41

Study methodology and data sources

43

Endnotes

46

Contacts

48

Luxury goods in this report focuses on luxury for personal use, and is the aggregation of designer apparel and footwear (ready-to-wear), luxury bags and accessories (including eyewear), luxury jewellery and watches and premium cosmetics and fragrances.

In this publication, references to Deloitte are references to Deloitte Touche Tohmatsu Limited

Global Powers of Luxury Goods 2017

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Foreword

Welcome to the fourth Global Powers of Luxury Goods.

The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in FY2015 (which we define as financial years ending within the 12 months to 30 June 2016). It also discusses the key trends shaping the luxury market and provides a global economic outlook.

The world's 100 largest luxury goods companies generated sales of US$212 billion in FY2015, 4.5 per cent down year-on-year. The average luxury goods annual sales for a Top 100 company is now US$2.1 billion.

Consumers in emerging markets continue to drive luxury market growth. In China, Russia and the United Arab Emirates, markets that we have categorised as emerging luxury markets, the percentage of consumers claiming to have increased their spending stood at 70 per cent, compared to 53 per cent in the more mature markets (EU, US and Japan).

Travel/tourism is still the great growth opportunity. Almost half of luxury purchases are made by consumers who are travelling, either in a foreign market (31 per cent) or while at the airport (16 per cent). This proportion rises to 60 per cent among consumers from emerging markets, who typically do not have access to the same range of products and brands that can be found in more mature markets.

Key findings from the report include:

? Luxury goods sales growth is accelerated by currency volatility ? sales for the world's 100 largest luxury goods companies grew by more than 3 percentage points in FY2015. Most currencies weakened significantly against the US dollar, which benefited many multinational companies based in other regions who experienced favorable currency effects, driving up reported sales.

? Italy is once again the leading luxury goods country in terms of number of companies, while France has the highest share of sales. ? Multiple luxury goods companies double sales growth and lead profitability, while bags and accessories continues to be the fastest growth sector.

We hope you find this report interesting and useful, and welcome your feedback.

Patrizia Arienti EMEA Fashion & Luxury Leader Deloitte Touche Tohmatsu Limited

1

Global Powers of Luxury Goods 2017

Global Powers of Luxury Goods 2017

2

Top 100 quick statistics

Composite year-overyear luxury goods sales growth

6.8%

Average luxury goods sales of Top 100 companies

US$2.1 billion

Aggregate net luxury goods sales

of Top 100

US$212

billion

Composite return on

assets

7.9%

Economic concentration

of Top 10

48.1%

FY2013-15 Compound annual growth rate in luxury

goods sales

5.2%

Composite net profit margin

9.7%

Minimum sales required to be on

Top 100 list

US$180 million

Composite asset turnover

0.8x

3

Global Powers of Luxury Goods 2017

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